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20130113
20130121
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-on in an environment where the market is at five-year highs, where fundamentals are great and not okay and where the federal reserve is absolutely not guaranteeing federal reserve action going for the next six or 12 months, you need to be very careful. you've got a drip open. look for dripping in, look for corrections and pullbacks, do it over time because this is classic investors mistake. five-year high, people open the paper and it's time to invest and they dump the money at the worst possible time. >> you think that we're due for a bit of the break after all the money having made into equities the last couple of months. i'm not looking for a 20% correction but it's inevitable when the market his 1306 on the dow, we'll have to see how earnings play out over the course of the next 30 days but there will be an opportunity to buy some songs at a cheaper price. >> the vent dealing will be the real driver of the market going down, right? >> we know mobile has been driving everything throughout technology. what do you want to hear out of the conference call and how they will capitalize? >> we want
being eased up, a very good environment for lending, very solid for housing. i can see a lot more reasons to be positive than negative right now. >> if interest rates went up 100 basis points, you think housing would do as well? >> you think they will go up 100 basis points. >> my point is housing better do good at historically manipulated low rates. i don't see that it's bragging rights here. >> right, right. the minute interest rates going up, where is the blockbuster in housing building taking place, in the midwest or takingce in new york city, new york, the tri-metro area, boston, chicago, where is it taking place because housing in and around the new york metro area is not going off to the races? >> well, you're going to see it across the country. that seems to be what the surveys are showing. now, the latest survey of the national association of home builders suggested things were a little bit flat, but you're going to get rebuilding after hurricane sandy in the northeast, and there are bidding wars in places like phoenix and parts of florida that used to be soaking in exces
to be in this environment? what kind of year do you expect it to be? >> we don't have price on the dow, but we continue to look at more domestic-facing companies and industries, so consumer finance are big parts of both portfolios. we think housing continues to improve, consumer continues to delever, monetary policy remains supportive, so stock-pickers, we own redwood trust, which is a mortgage reit investment jumbo. we own carmax. they invented the used car superstore, lots of growth left there. and then a final stock would be ko colfax, which we do a great job as the vascular system for the global economy. they build large fluid systems for petrochemical companies, energy companies, as the economy comes in, as industrial production comes back, they're well positioned. so, we're pretty constructive on the asset class, particularly because a lot of people don't seem to be all that constructive on the asset class. >> steve sax, what about you? where are you seeing the flow? what are investors particularly grav stating towards these days? >> it's till equities and all of last year, credential the first c
Search Results 0 to 2 of about 3